Dividends & Buybacks ·
Talen Energy Board approves $3B share repurchase program, enters into $1.5B accelerated share repurchase agreements
TLNTalen Energy Corp
Talen Energy Corporation announced that Terry L. Nutt will succeed Mark "Mac" A. McFarland as CEO and President effective January 1, 2027, with McFarland transitioning to Senior Advisor until his March 1, 2027 retirement. The Board approved a $3.0 billion share repurchase program authorization and entered into accelerated share repurchase (ASR) agreements for $1.5 billion, initially receiving approximately 4.0 million shares. These transactions are funded by a capacity monetization transaction selling future PJM capacity revenues of approximately $1.5 billion for the 2027/2028 and 2028/2029 delivery years at SOFR plus 200 basis points. Talen Energy Corporation is an independent power producer and energy infrastructure company that owns and operates generation assets in the United States.